Seattle, Washington, is a prime location for investing in shopping centers, with a population of approximately 750,000 people and a strong economy driven by major industries such as technology, aerospace, and coffee. Shopping centers in Seattle offer a unique opportunity for investors to tap into the city's growing demand for retail and commercial spaces. These properties can represent a diverse range of investments, from strip centers and community shopping centers to power centers and regional malls. Seattle's shopping centers are characterized by their proximity to major amenities, including hospitals, universities, and sports facilities, making them attractive to a wide range of consumers. The city's infrastructure, including its port and international airport, also supports the growth of shopping centers by facilitating the transportation of goods and people. With an average price per square foot of $303 USD and an average size of 22,427 square feet, shopping centers in Seattle offer a compelling investment opportunity. The city's many attractions, including the Seattle Aquarium, Woodland Park Zoo, and the Seattle Great Wheel, also make it an attractive location for businesses and tourists alike.
Seattle's shopping centers are part of a larger commercial real estate market that includes restaurants, specialty properties, land, and office properties. The city's restaurants, such as those found in the historic Pike Place Market, offer a unique dining experience that attracts visitors from around the world. Specialty properties, like the iconic Space Needle, provide a one-of-a-kind experience for tourists and locals alike. Land in Seattle is highly sought after, with an average price per square foot of $303 USD, making it an attractive investment opportunity for developers and investors. Office properties, such as those found in the downtown area, offer a prime location for businesses looking to establish a presence in the city. With 3 shopping centers available for sale, investors have a wide range of options to choose from in Seattle. Whether you're looking to invest in a small strip center or a large regional mall, Seattle's shopping centers offer a compelling investment opportunity in a thriving city with a strong economy and diverse attractions.
What is the average cap rate for shopping centers in Seattle?
Currently, there are 3 shopping centers for sale in Seattle, with an average cap rate of 5.24%, an average price per square foot of $303 USD, and an average size of 22,427 square feet, with the largest property spanning 43,477 square feet.
